Artificial Intelligence
Builders Company
A
AjdanAl Khobar, Saudi Arabia · founded Established in 2016 · 1 active markets
PRIVATE

Ajdan develops Saudi lifestyle destinations combining residential communities, commercial and retail spaces, hospitality, entertainment, and waterfront uses. Its projects target Saudi families, residents, visitors, investors, and businesses through integrated urban development and partnership-led models.

Years in business
10
founded Established in 2016
LinkedIn headcount
217
employees, as shown on LinkedIn · Date not stated; retrieved 2026-10-14 · size band 51–200
Portfolio value
SAR 27 billion portfolio value
23 Jun 2026
Total projects
5
across the company’s whole history
Projects last researched October 14, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Ajdan Real Estate Development Company1
Headquarters
Prince Turkey Road1, Al Khobar1, Saudi Arabia
Founded
Established in 20161
Entity type
PRIVATE1
Business model
offplan for sale1, commercial1, mixed use1, masterplan1, other1
Markets
1 market listed
What they build
Retail (3 of 4) · Other (2 of 4) · Residential, for sale (1 of 4)
Full dossier in About →

Delivery record

2 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 1 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+8.8 mo
the middle of 2 scored projects
Average delay
+8.8 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+13.0 mo
AMC Ajdan Walk Cinema · +12.0 to +14.0
1
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
1
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.
Projects and timelines in Track Record →

Resident experience

3 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.0/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (0 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 3 rated buildings
Management & living
7.9/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 25 developers, 65 rated buildings in Saudi Arabia
Overall rating
Ajdan · 25 other developers in Saudi Arabia
8.0 vs 7.9
this developer 0.1 better
The weighted verdict on each side. From 3 of 3 rated buildings here and 65 in the market.
Structure & systems
Ajdan · 25 other developers in Saudi Arabia
— vs —
Too few buildings with this score here to compare (0 of 3)
Fabric and engineering only — fixed at handover. From 0 of 3 rated buildings here and 18 in the market.
Management & living
Ajdan · 25 other developers in Saudi Arabia
7.9 vs 7.6
this developer 0.3 better
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 60 in the market.
The market here is Saudi Arabia: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

  • PROJECT AWARD Winner February 2025 (reported 21 February 2025)
    Best International Leisure Development · Bayfront
    The developer reports that Bayfront won Best International Leisure Development at the International Property Awards global ceremony in London.
  • PROJECT AWARD Highly commended 2020
    Prix Versailles Awards 2020 — Shopping Malls, Special Prize Exterior (Africa and West Asia) · Ajdan Walk
    Ajdan Walk received the Prix Versailles 2020 Special Prize Exterior for shopping malls in the Africa and West Asia region; the project listing identifies Ajdan Real Estate Development Company as the client.
  • PROJECT AWARD Winner 4 December 2024 (reported 11 December 2024)
    Arabian Property Award — Residential Development · Raseen Sedra
    Ajdan Real Estate Development was reported to have won the residential-development award for Raseen Sedra at the 2024–2025 Arabian Property Awards.
    Arabian Property Awards · https://sabq.org/article/x28AmA0
  • 2 more in Awards
All awards →

Risks & source coverage

  • DELIVERY DELAY Original commitment reported June 20, 2021; revised 2027 opening reported May 7, 2025; research position October 14, 2026 Fairmont Ajdan Al Khobar was announced with an opening expected in 2023; a later Accor release dated May 7, 2025 instead listed the opening as 2027, so completion was still a future commitment as of October 14, 2026 and not evidence of actual completion.
  • DELIVERY DELAY Original target reported August 20, 2020; later 2026 completion commitment shown on the project microsite; research position October 14, 2026 Ajdan Rise, part of Ajdan Waterfront, was reported in August 2020 as expected to be complete by Q1 2021; Ajdan's project microsite currently states 2026 as the year of project completion, documenting a materially later completion commitment, although the retrieved sources do not establish whether completion had occurred by October 14, 2026.
  • DELIVERY DELAY Original expectation published 2020-08-20; continued construction status published 2024-10-28; revised 2026 completion references published/currently available in 2025–2026 Ajdan Real Estate Development’s Ajdan Waterfront in Al Khobar appears materially overdue against an original Q1 2021 completion expectation reported for the development’s Ajdan Rise component: as of October 2024, the Fairmont hotel component was still under construction with only 26 structures completed, while a 2025 market review still described approximately 275 residential units as upcoming for delivery by 2026; Ajdan’s current project site now gives 2026 as the completion year, indicating a revised commitment rather than completed delivery. This evidence documents delay, but does not establish abandonment or parent-company liability for any separately structured component.
Record status
active
Company sources
63 source entries across 63 fields
Projects tracked
5 · 4 completed in assessment
All flags and sources →

Track Record

Delivery record

2 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 1 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+8.8 mo
the middle of 2 scored projects
Average delay
+8.8 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+13.0 mo
AMC Ajdan Walk Cinema · +12.0 to +14.0
1
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
1
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.

Construction start to handover

4 of 4 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Al Khobar, Saudi Arabia
201920202021202220232024202520262027todayAL KHOBAR, SAUDI ARABIA+25.5 moestimated+13 moverified+4.5 moverifiedcompleted, no target published
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 1 dated statement is held back: a broker listing with no date on it, or a page with no year, cannot fix a date. 1 turned out to be about something else — a phase, a neighbour, the wider masterplan — and is marked off-subject.

Building & Livability Ratings

Resident experience

3 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.0/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (0 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 3 rated buildings
Management & living
7.9/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 25 developers, 65 rated buildings in Saudi Arabia
Overall rating
Ajdan · 25 other developers in Saudi Arabia
8.0 vs 7.9
this developer 0.1 better
The weighted verdict on each side. From 3 of 3 rated buildings here and 65 in the market.
Structure & systems
Ajdan · 25 other developers in Saudi Arabia
— vs —
Too few buildings with this score here to compare (0 of 3)
Fabric and engineering only — fixed at handover. From 0 of 3 rated buildings here and 18 in the market.
Management & living
Ajdan · 25 other developers in Saudi Arabia
7.9 vs 7.6
this developer 0.3 better
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 60 in the market.
The market here is Saudi Arabia: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

3 rated · 1 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Ajdan WalkAl Khobar
8.7/ 10
—/ 10
8.6/ 10

Google Reviews/Maps provides the largest published review base and sets the level at 4.6/5, converted to 8.8/10. The result is adjusted modestly downward for repeated crowding and operational-facility complaints, partly offset by repeated praise for cleanliness, ambience, parking, restaurant variety and the waterfront walk. No structural score is assigned because the published material reviewed did not report building-fabric or systems performance.

+ Restaurant and café variety+ Clean surroundings+ Family-friendly atmosphere+ Organised parking+ Waterfront walking and seating
− Weekend crowding− Security and organisation concerns− Limited child facilities− Occasional accessibility-facility problems− Price and restaurant-choice complaints

no notes returned

no links returned

Reviews describe Ajdan Walk as “neat and clean,” with a “beautifully designed” walking path, seating, restaurants and an atmosphere that feels “safe and family-friendly.” The main operational drawbacks are repeated weekend crowding (“في الويكند مرة زحمة”), complaints that security and organisation need improvement, and reports that accessible toilets or baby-changing facilities were unavailable; these are visitor reviews of a mixed-use leisure destination rather than resident-management reviews.

Ajdan RiseAl Khobar192 units
8.2/ 10
—/ 10
8.2/ 10

Google Reviews/Maps provides the qualifying anchor at 4.3/5 from 133 reviews, converted to 7.9/10 under the specified curve. The report contains repeated positive themes around views and dining/leisure, but no recurring negative theme; the physical-condition material is not a published building rating and therefore does not produce a structure score.

+ Modern architecture+ Central air conditioning+ Security and cameras+ Direct maintenance services
− Visible wear on marble surfaces− Previous execution issues requiring corrective restoration
+ Modern and clean vibe+ Friendly staff+ Sea and corniche views+ Varied cafés and restaurants+ Cinema and waterfront leisure setting
− Peak-time parking difficulty− One complaint of high price relative to apartment quality

The published building material describes Ajdan Rise as an all-concrete, completed residential tower and lists central air conditioning, security/cameras and direct maintenance services. A 2025 maintenance account reported that several marble surfaces and water features required restoration because of “visible wear and previous execution issues”; this is maintenance evidence, not a resident review or a reported structural failure.

The published reviews describe a “modern and clean vibe,” friendly staff, strong sea views and a good mix of cafés and restaurants; another reviewer called it a “great place for a date night” with beautiful scenery. The main operational reservation was that “parking might be a little tricky” at peak times, while one 2022 reviewer wrote, “Overpriced with average quality Appartments.”

AMC Ajdan Walk CinemaAl Khobar
7.1/ 10
—/ 10
6.9/ 10

The largest published review base is the 4.3/5 Google-derived aggregate from 2,455 reviews, which converts to 7.0/10 and sets the level. The other aggregates are close, while the written evidence shows strong comfort, cleanliness and audiovisual praise alongside repeated food-service and occasional equipment complaints, producing a modest net downward adjustment to 6.9.

+ Strong sound and picture quality+ Well-kept theaters+ Comfortable recliner seating
− Screen 09 reported with visible wrinkles− One reported power outage lasting over 30 minutes− Some recliners reported broken− Conflicting air-conditioning comfort reports
+ Comfortable recliner seating+ Helpful managers and staff+ Clean theaters and bathrooms+ Good sound and screens+ Convenient dining and waterfront setting
− Stale or soggy popcorn− Limited food selection− Slow concession and coffee service− Occasional unwelcoming staff− High snack prices

Reviewers generally praised the cinema's picture, sound and theater condition; one described the theater as having “great quality, clean” rooms with “perfect” sound and screen. Counterevidence includes a report that Screen 09 had “visible wrinkles,” a power outage during a screening lasting over 30 minutes, and complaints about broken recliners; these are operational/equipment observations rather than evidence of a broader structural defect.

The daily experience is usually described as comfortable, clean and premium: reviewers praise “very comfortable” seats, helpful staff, and strong sound and screens. Repeated operational complaints concern stale popcorn, limited food, understaffed or slow pickup/coffee counters, and waiting in line; one reviewer said the poor service made them late to the movie.

Only buildings that have reached handover are rated. 1 of 4 projects carries no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Ajdan Real Estate Development Company
Headquarters
Prince Turkey Road, Al Khobar, Saudi Arabia
Founded
Established in 2016
Al Khobar, Saudi Arabia
Entity type
PRIVATE
Revenue
USD 14.9 million annual revenue (estimated)
Business model
offplan for sale, commercial, mixed use, masterplan, other

Partners

5 partners
National Housing Company (NHC)
government partner

Ajdan collaborates with NHC on the Darah residential programme, including more than 2,600 villas across several Saudi cities and provinces.

Al Muhaidib Group
landowner

Al Muhaidib Group is identified as the Bayfront project owner while Ajdan is the developer.

Tourism Development Fund (TDF)
funder

TDF partners with the Eastern Region Municipality and Ajdan on the Ajdan Island tourism development project.

King Salman Park Foundation
government partner

The Foundation partners with Ajdan and SEDCO Capital on an approximately SAR 3.8 billion mixed-use project in King Salman Park.

Masah Contracting Company
contractor

Masah Contracting was signed to carry out construction work on a 40-storey tower in Ajdan Infinity, Al Khobar.

Sources: summary

PRESSdate not shown in source

Ajdan Commences Sales in Al-Fursan Suburb, Riyadh

Al Fozan Holding
Ajdan Real Estate Development Company, in cooperation with the National Housing Company, aims to offer more than 2,600 villas in several cities and provinces of the Kingdom
value seen: more than 2,600 villas
https://alfozan.com/press-releases/ajdan-commences-sales-al-fursan-suburb-riyadh

Sources: summary

COMPANY2026-06-23

Al Muhaidib Group Partners with Le Café LPM at Bayfront Al Khobar

Al Muhaidib Group
Al Muhaidib Group, the project owner, and Ajdan Real Estate Development Company, the project developer, have announced a strategic partnership with Le Café LPM to open the restaurant and café at Bayfront on the waterfront of Al Khobar Corniche.
value seen: Bayfront
https://muhaidib.com/en/article/al-muhaidib-group-partners-with-le-cafe-lpm-at-bayfront-al-khobar

Sources: summary

PRESSdate not shown in source

Eastern Region Governor Sponsors Signing of Ajdan Island Tourism Development Project Agreement

Al Fozan Holding
The project aims to develop the Al-Khobar Water Tower area into an integrated tourist destination featuring world-class restaurants, seafront cafés, entertainment spaces, and a fully integrated commercial zone
value seen: integrated tourist destination
value paraphrased from this source
https://alfozan.com/press-releases/eastern-region-governor-sponsors-signing-ajdan-island-tourism-development-project

Sources: summary

PRESS2025-11-27

Ajdan achieves over SR1 billion in sales at Cityscape Global 2025, signing strategic partnerships and unveiling distinctive projects

Saudi Gazette
Ajdan announced the development of an approximately SR3.8 billion mixed-use urban project financed through an investment fund in partnership with King Salman Park and SEDCO Capital.
value seen: approximately SR3.8 billion mixed-use urban project
https://www.saudigazette.com.sa/article/656918/BUSINESS/Ajdan-achieves-over-SR1-billion-in-sales-at-Cityscape-Global-2025-signing-strategic-partnerships-and-unveiling-distinctive-projects

Sources: summary

PRESS2026-08-05

Masah Contracting lands 40-storey Al Khobar residential tower in Saudi

Zawya
Masah Contracting Company ... has announced that it has been signed up by Ajdan Real Estate Development for carrying out the construction work on a 40-storey tower
value seen: 40-storey tower
https://www.zawya.com/en/projects/real-estate/masah-contracting-lands-40-storey-al-khobar-residential-tower-in-saudi-420434

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Saudi Arabiaactive 4 projects tracked

What they build

4 types
Retail3 of 4
Other2 of 4
Residential, for sale1 of 4
Office1 of 4
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
AA
Abdullah Alfozan
Abdullah Alfozan is Ajdan’s chairman and has held that position since 2007. He is also chairman of Retal Urban Development, Al Fozan Holding and Bawan, giving him substantial ownership-side and governance experience across Saudi real estate and related businesses.
Current title
Chairman
since since 2007
Experience
no career length stated
Companies before
none sourced
Education
King Saud UniversityBusiness Administration – Accounting
Other boards
Chairman, Retal Urban Development CompanyChairman, Bawan Holding CompanyChairman, Al Fozan Holding CompanyChairman, Dhahran International Exhibitions CompanyVice Chairman, Saudi Tharwa Company
Known for
ChairmanSince 2007Al Fozan Holding chairmanRetal chairman

Sources: education

COMPANY2022-04-13

عبد الله عبد اللطيف الفوزان - Retal

Retal Urban Development
أنهى الفوزان دراسته وتخرج في عام 1989م من جامعة الملك سعود بالرياض – المملكة العربية السعودية من قسم إدارة أعمال – تخصص المحاسبة.
value seen: تخرج في عام 1989م من جامعة الملك سعود بالرياض – المملكة العربية السعودية من قسم إدارة أعمال – تخصص المحاسبة
value paraphrased from this source
https://retal.com.sa/member/abdullah-bin-abdullatif-al-fozan/

Sources: other boards

COMPANY2022-04-13

عبد الله عبد اللطيف الفوزان - Retal

Retal Urban Development
يشغل الفوزان منصب رئيس مجلس إدارة شركة بوان منذ عام 2011م، ورئيس مجلس إدارة شركة الفوزان القابضة منذ عام 2009م، ورئيس مجلس إدارة شركة أجدان للتطوير العقاري منذ عام 2007م
value seen: رئيس مجلس إدارة شركة بوان منذ عام 2011م، ورئيس مجلس إدارة شركة الفوزان القابضة منذ عام 2009م
value paraphrased from this source
https://retal.com.sa/member/abdullah-bin-abdullatif-al-fozan/

Sources: since

COMPANY2022-04-13

عبد الله عبد اللطيف الفوزان - Retal

Retal Urban Development
ورئيس مجلس إدارة شركة أجدان للتطوير العقاري منذ عام 2007م
value seen: منصب رئيس مجلس إدارة شركة أجدان للتطوير العقاري منذ عام 2007م
value paraphrased from this source
https://retal.com.sa/member/abdullah-bin-abdullatif-al-fozan/

Sources: title

COMPANYdate not shown in source

من نحن | شركة تطوير عقاري في السعودية

Ajdan
عبدالله الفوزان رئيس مجلس الإدارة
value seen: رئيس مجلس الإدارة
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://ajdan.com/ar/about
MA
Mohammed Abdulmohsin Al Otaibi
Mohammed Abdulmohsin Al Otaibi has led Ajdan as CEO since 2018 and also serves as CEO of AlOula and AlKhobar Lakes. His documented background spans architecture, engineering, project planning and real-estate development, including responsibility for project finance, design, construction and delivery across a reported portfolio of more than 4.2 billion SR.
Current title
Chief Executive Officer
since since 2018
Experience
no career length stated
Companies before
Zamil SteelSL RaschSNC-LavalinDubaikl Consultancy
Education
Dammam University (previously King Faisal University)Master’s Degree in Architecture
King Faisal University, College of Architecture PlanningBachelor’s Degree of Building Engineering
Other boards
none sourced
Known for
CEOSince 2018Architecture4.2bn SR assetsAlOula CEO
Our main target is to create as many lifestyle destinations as possible with a focus on quality, whether it is in Khobar, Riyadh, Jeddah, or any other location in Saudi Arabia. MarcoPolis June 10, 2021https://marcopolis.net/ajdan-discussing-real-estate-lifestyle-development-solutions-in-saudi-arabia-with-mohammed-al-otaibi.htm
Ajdan is a downtown waterfront project which is the collaboration of a fantastic young team that we have. MarcoPolis June 10, 2021https://marcopolis.net/ajdan-discussing-real-estate-lifestyle-development-solutions-in-saudi-arabia-with-mohammed-al-otaibi.htm

Sources: education

PRESS2022-02-14

Executive Profile: Mohammed Al Otaibi, CEO of Al-Khobar Based Ajdan Real Estate Development Company and AlOula

MarcoPolis
Mohammed holds a Master’s Degree in Architecture (Honor Graduate) from Dammam University (previously known as King Faisal University), as well as a Bachelor’s Degree of Building Engineering from the College of Architecture Planning (King Faisal University).
value seen: Master’s Degree in Architecture
https://marcopolis.net/executive-profile-mohammed-al-otaibi-ceo-of-al-khobar-based-ajdan-real-estate-development-company-and-aloula.htm

Sources: previous companies

PRESS2022-02-14

Executive Profile: Mohammed Al Otaibi, CEO of Al-Khobar Based Ajdan Real Estate Development Company and AlOula

MarcoPolis
• ZAMIL STEEL – Dammam, KSA – Project Engineer (July 2010 – June 2011)
value seen: ZAMIL STEEL
https://marcopolis.net/executive-profile-mohammed-al-otaibi-ceo-of-al-khobar-based-ajdan-real-estate-development-company-and-aloula.htm

Sources: quotes

PRESS2021-06-10

Ajdan: Discussing Real Estate Lifestyle Development Solutions in Saudi Arabia With Mohammed Al Otaibi

MarcoPolis
Our main target is to create as many lifestyle destinations as possible with a focus on quality, whether it is in Khobar, Riyadh, Jeddah, or any other location in Saudi Arabia.
value seen: Our main target is to create as many lifestyle destinations as possible with a focus on quality
https://marcopolis.net/ajdan-discussing-real-estate-lifestyle-development-solutions-in-saudi-arabia-with-mohammed-al-otaibi.htm

Sources: quotes

PRESS2021-06-10

Ajdan: Discussing Real Estate Lifestyle Development Solutions in Saudi Arabia With Mohammed Al Otaibi

MarcoPolis
Ajdan is a downtown waterfront project which is the collaboration of a fantastic young team that we have.
value seen: Ajdan is a downtown waterfront project
https://marcopolis.net/ajdan-discussing-real-estate-lifestyle-development-solutions-in-saudi-arabia-with-mohammed-al-otaibi.htm

Sources: since

PRESS2026-05-04

Mohammed Al Otaibi - Most Impactful RealEstate Leaders 2026 - Forbes Lists

Forbes Middle East
Al Otaibi has been leading Ajdan since 2018.
value seen: has been leading Ajdan since 2018
https://www.forbesmiddleeast.com/lists/most-impactful-real-estate-leaders-2026/mohammed-al-otaibi/

Sources: summary

PRESS2022-02-14

Executive Profile: Mohammed Al Otaibi, CEO of Al-Khobar Based Ajdan Real Estate Development Company and AlOula

MarcoPolis
As CEO of AlOula and Ajdan, Mohammed has been instrumental in providing executive leadership in managing more than 4.2 billion SR of real estate properties and assets across the MENA region, leading the project management team since 2011, managing project cash flows, time schedules, and overall qualities.
value seen: providing executive leadership in managing more than 4.2 billion SR of real estate properties and assets across the MENA region
https://marcopolis.net/executive-profile-mohammed-al-otaibi-ceo-of-al-khobar-based-ajdan-real-estate-development-company-and-aloula.htm

Sources: title

PRESS2022-02-14

Executive Profile: Mohammed Al Otaibi, CEO of Al-Khobar Based Ajdan Real Estate Development Company and AlOula

MarcoPolis
Saudi born businessman Mohammed Abdulmohsin Al Otaibi is the CEO of Ajdan Real Estate Development Company
value seen: CEO of Ajdan Real Estate Development Company
https://marcopolis.net/executive-profile-mohammed-al-otaibi-ceo-of-al-khobar-based-ajdan-real-estate-development-company-and-aloula.htm
EA
Essam Almuhaidib
Essam Almuhaidib is Ajdan’s vice chairman and is independently identified as CEO of Al Muhaidib Group. His outside portfolio includes chairmanships of Mayar, Saudi Tharwa and Al-Romansiah and board roles across housing, investment, water, industrial and real-estate organisations.
Current title
Vice Chairman
Experience
no career length stated
Companies before
none sourced
Education
King Saud UniversityBachelor’s degree in Statistics
Other boards
CEO, Al Muhaidib GroupChairman, National Housing CompanyChairman, Saudi TharwaChairman, Mayar FoodsBoard member, Savola GroupBoard member, Nestlé Waters Middle EastBoard member, Rafal Real Estate Development CompanyBoard member, Al Oula Real Estate Development Company
Known for
Vice ChairmanAl Muhaidib Group CEOSaudi Tharwa chairmanReal-estate boards
https://linkedin.com/in/essam-a-k-al-muhaidib-964842291

Sources: education

REGULATOR2026-09-01

Essam bin Abdulkader Al-Muhaidib

ZATCA
Al-Muhaidib holds a bachelor's degree in statistics from King Saud University.
value seen: bachelor's degree in statistics from King Saud University
https://zatca.gov.sa/en/AboutUs/BoardMembers/Pages/Essam-bin-Abdulkader-Al-Muhaidib.aspx

Sources: summary

REGULATOR2026-09-01

Essam bin Abdulkader Al-Muhaidib

ZATCA
Essam bin Abdulkader Al-Muhaidib is currently CEO of Al Muhaidib Group
value seen: currently CEO of Al Muhaidib Group
https://zatca.gov.sa/en/AboutUs/BoardMembers/Pages/Essam-bin-Abdulkader-Al-Muhaidib.aspx

Sources: title

COMPANYdate not shown in source

من نحن | شركة تطوير عقاري في السعودية

Ajdan
عصام المهيدب نائب رئيس مجلس الإدارة
value seen: نائب رئيس مجلس الإدارة
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://ajdan.com/ar/about
SA
Sayer Alshammari
Sayer Alshammari is listed by Ajdan as a board member. Separately, Al Muhaidib Group identifies him as Vice President of Real Estate Investments, with experience across public equity, private equity, hedge funds and real estate; before joining the group he managed Saad Group’s investment portfolio and worked as a Schlumberger Middle East field engineer.
Current title
Board Member
Experience
no career length stated
Companies before
Saad GroupSchlumberger Middle East
Education
King Fahad University of Petroleum and MineralsBSc in Electrical Engineering
King Fahad University of Petroleum and MineralsMBA
Other boards
Vice Chairman, CFA Society Saudi ArabiaBoard, investment committee and audit committee representation for Al Muhaidib Group
Known for
Board MemberReal-estate investmentsMBACFAAl Muhaidib Group VP
https://sa.linkedin.com/in/sayeralshammari

Sources: education

COMPANYdate not shown in source

Executive Management | Al Muhaidib Group, Kingdom of Saudi Arabia

Al Muhaidib Group
He holds a BSc in Electrical Engineering and an MBA degree from King Fahad University of Petroleum and Minerals, and is a Chartered Financial Analyst (CFA)
value seen: BSc in Electrical Engineering and an MBA degree from King Fahad University of Petroleum and Minerals
https://muhaidib.com/en/category/executive-management

Sources: previous companies

COMPANYdate not shown in source

Executive Management | Al Muhaidib Group, Kingdom of Saudi Arabia

Al Muhaidib Group
Prior to his appointment with the Group, Mr. Al Shammari managed the investment portfolio of Saad Group and worked with Schlumberger Middle East as a Field Engineer.
value seen: managed the investment portfolio of Saad Group and worked with Schlumberger Middle East as a Field Engineer
https://muhaidib.com/en/category/executive-management

Sources: summary

COMPANYdate not shown in source

Executive Management | Al Muhaidib Group, Kingdom of Saudi Arabia

Al Muhaidib Group
Sayer Al Shammari is the Vice President of Real Estate Investments in Al Muhaidib Group. Since joining the team in 2009, he has served the Group’ s Public Equity, Private Equity, Hedge Funds and Real Estate business.
value seen: Vice President of Real Estate Investments
https://muhaidib.com/en/category/executive-management

Sources: title

COMPANYdate not shown in source

من نحن | شركة تطوير عقاري في السعودية

Ajdan
ساير الشمري عضو مجلس الإدارة
value seen: عضو مجلس الإدارة
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://ajdan.com/ar/about
AA
Abdulatif Alfozan
Abdulatif Alfozan is listed by Ajdan as a board member. His independent profile identifies him as Corporate Investment Director of Al Fozan Holding, where he leads private-investment activities; his public professional profile also identifies him as COO of Al Fozan Holding.
Current title
Board Member
Experience
no career length stated
Companies before
none sourced
Education
University of TorontoBachelor’s degree in Economics
IMD Business SchoolExecutive Education, High-Performance Boards
Other boards
Board Member, Averroes CapitalChief Operating Officer, Al Fozan Holding
Known for
Board MemberCorporate investmentCOO, Al Fozan HoldingEconomicsCorporate finance
https://linkedin.com/in/abdulatif-alfozan-78664a45

Sources: education

COMPANYdate not shown in source

Abdulatif Alfozan | Board Member | Averroes Capital

Averroes Capital
He holds a Bachelor’s degree with honours (HBA) with a Double Major in Economics and Employment Relations and graduated from IMD Business School’s Executive Education programme on High-Performance Boards.
value seen: Bachelor’s degree with honours (HBA) with a Double Major in Economics and Employment Relations
https://averroescapital.com/board/abdulatif-alfozan

Sources: summary

COMPANYdate not shown in source

Abdulatif Alfozan | Board Member | Averroes Capital

Averroes Capital
Abdulatif is the Corporate Investment Director of Al Fozan Holding Co., where he leads the private investment division’s activities.
value seen: Corporate Investment Director of Al Fozan Holding Co.
https://averroescapital.com/board/abdulatif-alfozan

Sources: title

COMPANYdate not shown in source

من نحن | شركة تطوير عقاري في السعودية

Ajdan
عبداللطيف الفوزان عضو مجلس الإدارة
value seen: عضو مجلس الإدارة
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://ajdan.com/ar/about
KB
Kamal Bin Ahmed Mohammed Ahmed
Kamal Bin Ahmed Mohammed Ahmed is listed by Ajdan as a board member. His documented public-sector and corporate record includes serving as Bahrain’s Minister of Transportation and Telecommunications and President of the Electricity and Water Authority, as well as chairing or serving on boards including Bahrain Economic Development Board, Mumtalakat, Gulf Air, Bahrain Airport Company and Edamah Real Estate Company.
Current title
Board Member
Experience
no career length stated
Companies before
none sourced
Education
University of LeedsMaster’s degree in International Project Management
University of BahrainBachelor’s degree in Civil Engineering
Other boards
Former President, Electricity and Water Authority, BahrainFormer Minister of Transportation and Telecommunications, BahrainFormer board member, Bahrain Economic Development BoardFormer board member, Mumtalakat Holding CompanyFormer board member, Gulf Air GroupFormer board member, Bahrain Airport CompanyFormer board member, Edamah Real Estate Company
Known for
Board MemberFormer Bahrain ministerPublic-sector leadershipReal-estate board experienceInternational Project Management

Sources: education

EXCHANGEdate not shown in source

Announcement Details Retal Urban Development Company announces the appointment of its CEO as Managing Director and the appointment of a new Chief Executive Officer for the Company

Saudi Exchange
Eng. Kamal bin Ahmed holds a Master’s degree in International Project Management from the University of Leeds in United Kingdom, in addition to a Bachelor’s degree in Civil Engineering from University of Bahrain.
value seen: Master’s degree in International Project Management from the University of Leeds
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details?anCat=1&anId=94357&locale=en

Sources: summary

EXCHANGEdate not shown in source

Announcement Details Retal Urban Development Company announces the appointment of its CEO as Managing Director and the appointment of a new Chief Executive Officer for the Company

Saudi Exchange
Eng. Kamal bin Ahmed Mohammed Ahmed served as President of the Electricity and Water Authority in Kingdom of Bahrain, holding the rank of Minister, from June 2022G until February 2026G.
value seen: served as President of the Electricity and Water Authority in Kingdom of Bahrain
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details?anCat=1&anId=94357&locale=en

Sources: title

COMPANYdate not shown in source

من نحن | شركة تطوير عقاري في السعودية

Ajdan
كمال بن احمد عضو مجلس الإدارة
value seen: عضو مجلس الإدارة
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://ajdan.com/ar/about

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 1 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

4 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
BayfrontAl Khobar, Saudi Arabia
retail, other481——SR 250m
investment announced
—202217 October 2022Jan 2024 – Dec 2024Aug 2026+25.5 mo
(+20.0 to +31.0)
estimatedcompleted
AMC Ajdan Walk CinemaAl Khobar, Saudi Arabia
other, retail——20,000 m²——2021December 22Oct 2020 – Dec 2020Dec 2021+13.0 mo
(+12.0 to +14.0)
sourcedcompleted
Ajdan RiseAl Khobar, Saudi Arabia
residential for sale19214076,390 m²——2019Mar. 7, 2019Jan 2021 – Mar 2021Jan 2021 – Dec 2021+4.5 mo
(−2.0 to +11.0)
sourcedcompleted
Ajdan WalkAl Khobar, Saudi Arabia
retail, office—two-storey32,000 m²—————Jan 2019 – Dec 2019—not scorablecompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

5 found
PROJECT AWARD Winner February 2025 (reported 21 February 2025)
Best International Leisure Development · Bayfront
The developer reports that Bayfront won Best International Leisure Development at the International Property Awards global ceremony in London.
PROJECT AWARD Highly commended 2020
Prix Versailles Awards 2020 — Shopping Malls, Special Prize Exterior (Africa and West Asia) · Ajdan Walk
Ajdan Walk received the Prix Versailles 2020 Special Prize Exterior for shopping malls in the Africa and West Asia region; the project listing identifies Ajdan Real Estate Development Company as the client.
PROJECT AWARD Winner 4 December 2024 (reported 11 December 2024)
Arabian Property Award — Residential Development · Raseen Sedra
Ajdan Real Estate Development was reported to have won the residential-development award for Raseen Sedra at the 2024–2025 Arabian Property Awards.
Arabian Property Awards · https://sabq.org/article/x28AmA0
PROJECT AWARD Winner 4 December 2024 (reported 11 December 2024)
Arabian Property Award — Best Mixed-Use Development · Infinity
Ajdan Real Estate Development was reported to have won the mixed-use-development award for Infinity at the 2024–2025 Arabian Property Awards.
Arabian Property Awards · https://sabq.org/article/x28AmA0
PROJECT AWARD Winner 2018 (reported 20 August 2020)
Cityscape Global Award — Best Engineering Design for a Shopping Village · Ajdan Walk
Ajdan Walk won the 2018 Cityscape Dubai award for best engineering design for a shopping village.

Risks

Risk flags

3 found
DELIVERY DELAY Original commitment reported June 20, 2021; revised 2027 opening reported May 7, 2025; research position October 14, 2026
Fairmont Ajdan Al Khobar was announced with an opening expected in 2023; a later Accor release dated May 7, 2025 instead listed the opening as 2027, so completion was still a future commitment as of October 14, 2026 and not evidence of actual completion.
DELIVERY DELAY Original target reported August 20, 2020; later 2026 completion commitment shown on the project microsite; research position October 14, 2026
Ajdan Rise, part of Ajdan Waterfront, was reported in August 2020 as expected to be complete by Q1 2021; Ajdan's project microsite currently states 2026 as the year of project completion, documenting a materially later completion commitment, although the retrieved sources do not establish whether completion had occurred by October 14, 2026.
DELIVERY DELAY Original expectation published 2020-08-20; continued construction status published 2024-10-28; revised 2026 completion references published/currently available in 2025–2026
Ajdan Real Estate Development’s Ajdan Waterfront in Al Khobar appears materially overdue against an original Q1 2021 completion expectation reported for the development’s Ajdan Rise component: as of October 2024, the Fairmont hotel component was still under construction with only 26 structures completed, while a 2025 market review still described approximately 275 residential units as upcoming for delivery by 2026; Ajdan’s current project site now gives 2026 as the completion year, indicating a revised commitment rather than completed delivery. This evidence documents delay, but does not establish abandonment or parent-company liability for any separately structured component.

Record status

active
Coverageactive
Tracked sinceOctober 8, 2026
Last checkedOctober 14, 2026 this month
Profile last researchedOctober 14, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.